US: Yazaki & Denso fined US$548m for price fixing

By: Automotive WorldJanuary 31, 2012

Two Japanese automotive component manufacturers, Denso and Yazaki, have agreed to plead guilty of price fixing and bid rigging. The two suppliers have agreed to pay a total of US$548m in fines, and four Yazaki executives have also agreed to plead guilty.

According to a statement from the US Department of …

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